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Global News Impacting Chinese Tech

Trump’s tariffs add risk to chips and consumer stocks, investors may look to defensive plays

News Snapshot:

Investors breathed a sigh of relief Monday after President Trump confirmed 25% tariffs on imports from Mexico will be suspended for a month. Stocks bounced off their lows of the session as Wall Street bet on the implications the delay could have on the Trump administration’s broader trade strategy. But the market may still be too optimistic about how Trump's tariff agenda will unfold. Experts warn President Trump as "unabashedly pro tariff,” and investors may still be underpricing associated risks. “There is an expectation on the street that [Treasury Secretary] Scott Bessent is the one running the show… I disagree…

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